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Invested 800 billion won to restructure the aviation industry
On the 23rd, the Korean Development Bank announced this position on Hanjin Kal’s investment. To successfully carry out the integration of the two major airlines and the restructuring of the aviation industry, investment in common shares in Hanjin Kal is necessary.
Taking into account the restructuring of LCC and related subsidiaries and the restructuring of the aviation industry, it is necessary for KDB to participate as a direct shareholder in Hanjin Kal and play the role of monitoring and monitoring the successful implementation of the restructuring work.
Through this reorganization, the integration of the two main airlines and the reorganization of the functions of related subsidiaries such as the subsidiary LCC and the ground handling company will also take place.
As KDB determines detailed integration and reorganization plans and operating systems at the PMI planning stage to be carried out in the future, KDB should invest in Hanjin Kal, a control tower, regardless of the type of integration scheme structure and reorganization that is designed. He emphasized that it can be done.
To this end, it is explained that the investment in Hanjin Kal is necessary as there is a limit to the work for a successful reorganization just because of the way that KDB invested in Korean Air.
Also, considering the acquisition of Korean Air (180 billion won), Asiana Airlines (57 billion won) permanently convertible bonds, and the acquisition of Korean Air EB (300 billion won), the amount of common stock acquisition Hanjin Kal’s (500 billion won) or more is participating in equity participation in two major airlines. did.
A KDB official said: “The real benefits to be gained from participating directly in Korean Air’s additional capital expansion are not great, but the importance and expected utility of the new investment in general support and oversight of the restructuring work are great. “
At the same time, “it can be said that Saneun is the largest shareholder as the main creditor bank of both companies and the largest creditor. I want to contribute. “
Meanwhile, the Bank of Korea decided to invest 800 billion won in Hanjin Kal to successfully implement the restructuring work of the aviation industry, and some controversy arose about the Korean Air monopoly and the administrative staff of the owner family. .
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